Charity number: 287866
Children in Need Fund
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 January 2024
Children in Need Fund Contents Page For the year ended 31 January 2024
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 7 |
| Detailed Statement of Financial Activities | 8 |
Children in Need Fund Report of the Trustees
For the year ended 31 January 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 January 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
| REFERENCE AND ADMINISTRATIVE | INFORMATION |
|---|---|
| Name of Charity | Children in Need Fund |
| Charity registration number | 287866 |
| Principal address | 36-38 Westbourne Grove |
| Newton Road | |
| London | |
| W2 5SH |
Trustees
The trustees and officers serving during the year and since the year end were as follows:
| Mr David Sloane | |
|---|---|
| Mr Mark Allen | |
| Independent examiners | Cunningham and Co |
| Chartered Certified Accountants | |
| 135 Notting Hill Gate | |
| London | |
| W11 3LB |
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr David Sloane Trustee
28 Nov 2024
Date:……………………………
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Children in Need Fund Independent Examiners Report to the Trustees For the year ended 31 January 2024
I report to the trustees on my examination of the accounts of the charity for the year ended 31 January 2024.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners qualified statement
I confirm that no other matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Cunningham and Co Chartered Certified Accountants 135 Notting Hill Gate
London W11 3LB
Date:……………………….
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Children in Need Fund Statement of Financial Activities For the year ended 31 January 2024
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Income from listed investments Bank interest receivable Total Expenditure on: Charitable activities and support 4 Grants made and expenditure Total Net gains/(losses) on investments Other recognised gains/losses Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 84,561 9,979 3,122 97,662 (68,823) (68,823) (38,183) (9,344) 1,253,391 1,244,047 |
2023 £ 66,196 12,561 550 79,307 (64,063) (64,063) 36,802 52,046 1,201,345 1,253,391 |
|---|---|---|
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Children in Need Fund
Statement of Financial Position As at 31 January 2024
| Notes Fixed assets Investments Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 8 Total funds |
£ 2024 1,227,143 1,227,143 16,904 16,904 16,904 1,244,047 1,244,047 1,244,047 1,244,047 |
£ 2023 1,090,326 1,090,326 163,065 163,065 163,065 1,253,391 1,253,391 1,253,391 1,253,391 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr David Sloane Trustee
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Children in Need Fund Notes to the Financial Statements For the year ended 31 January 2024
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Children in Need Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Statement of cash flows
The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and in included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Income from investments in included in the year in which it is receivable.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which relates.
Cost of generating funds comprise the costs associated with attracting voluntary income and any costs of trading for fundraising purposes including the investment costs.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those incurred directly in support of expenditure on the objects of the charity and include project management
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Children in Need Fund Notes to the Financial Statements Continued For the year ended 31 January 2024
2. Income from donations and legacies
| Unrestricted funds Donations received nvestment income Unrestricted funds Income from listed investments Bank interest receivable xpenditure on charitable activities Unrestricted funds Grants made Bank charges nalysis of support costs Bank charges |
2024 £ 84,561 84,561 2024 £ 9,979 3,122 13,101 2024 £ 68,763 60 68,823 2024 £ 60 |
2023 £ 66,196 66,196 2023 £ 12,561 550 13,111 2023 £ 63,985 78 64,063 2023 £ 78 |
|---|---|---|
3. Investment income
4. Expenditure on charitable activities
5. Analysis of support costs
6. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
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Children in Need Fund Notes to the Financial Statements Continued
For the year ended 31 January 2024
7. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/02/2023 £ 1,253,391 1,253,391 Balance at 01/02/2022 £ 1,201,345 1,201,345 |
Incoming resources £ 97,662 97,662 Incoming resources £ 79,307 79,307 |
Outgoing resources £ (68,823) (68,823) Outgoing resources £ (64,063) (64,063) |
Gains and losses £ (38,183) (38,183) Gains and losses £ 36,802 36,802 |
Balance at 31/01/2024 £ 1,244,047 1,244,047 Balance at 31/01/2023 £ 1,253,391 1,253,391 |
|---|---|---|---|---|---|
8. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Investments Net current assets / (liabilities) Net Assets £ £ £ 1,227,143 16,904 1,244,047 1,227,143 16,904 1,244,047 Investments Net current assets / (liabilities) Net Assets £ £ £ 1,090,326 163,065 1,253,391 1,090,326 163,065 1,253,391 |
|---|---|
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Children in Need Fund Detailed Statement of Financial Activities For the year ended 31 January 2024
| INCOME AND ENDOWMENT Donations and legacies Donations Investments Income from listed investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Activities undertaken directly Grants and Donations SUPPORT COSTS Finance Bank charges Total resources expended NET EXPENDITURE BEFORE GAINS AND LOSSES Other recognised gains and losses Gains/(loss) on revaluation of investments Net income before gains and losses Net Expenditure |
£ 2024 84,561 84,561 9,979 3,122 13,101 97,662 (68,763) (68,763) (60) (60) (68,823) (38,183) (38,183) (38,183) (9,344) |
£ 2023 66,196 |
|---|---|---|
| 66,196 12,561 550 |
||
| 13,111 | ||
| 79,307 (63,985) |
||
| (63,985) (78) |
||
| (78) | ||
| (64,063) 36,802 |
||
| 36,802 | ||
| 36,802 52,046 |
8 of 8 This page does not form part of the statutory financial statements